Senator John McCain has urged the Bush administration to bypass Congress and spend a whopping one trillion dollars on bad mortgages.

In three interviews on Tuesday, the Republican presidential nominee called on the US Treasury Department to address the economic crisis independently and without congressional approval.

The House of Representatives on Monday rejected a $700-billion White House plan allegedly directed at reviving the US economy, raising the drama on Wall Street and Capitol Hill.

President George W. Bush was 'very disappointed' over his failure to ease anxiety over mounting losses tied to toxic assets.

Republican and Democratic presidential candidates Senators John McCain and Barack Obama accused each other of causing a partisan rancor that led to the House rejection of the proposed financial bailout plan.

In a Tuesday interview with CNN, Senator McCain said another reason the plan failed to gain approval was that the nation remains skeptical about White House intentions.

"We haven't convinced people that this is a rescue effort not just for Wall Street but for Main Street America," he explained on his campaign trail in Des Moines, Iowa.

He then proposed that President Bush exercise his executive privileges and unilaterally spend $1 trillion to purchase home mortgages.

"The Treasury has the ability to buy up a trillion dollars worth of mortgages. We should move forward on that," McCain said.

The 72-year-old senator, who suspended his campaign last week to insert himself into the bailout plan, has tied himself far more tightly to the bill than his Democratic rival, Barack Obama.

With his latest remarks, McCain seeks to maneuver himself out of a political dead end, which he was forced into with the failure of the bailout plan.

Senator John McCain has urged the Bush administration to bypass Congress and spend a whopping one trillion dollars on bad mortgages.

In three interviews on Tuesday, the Republican presidential nominee called on the US Treasury Department to address the economic crisis independently and without congressional approval.

The House of Representatives on Monday rejected a $700-billion White House plan allegedly directed at reviving the US economy, raising the drama on Wall Street and Capitol Hill.

President George W. Bush was 'very disappointed' over his failure to ease anxiety over mounting losses tied to toxic assets.

Republican and Democratic presidential candidates Senators John McCain and Barack Obama accused each other of causing a partisan rancor that led to the House rejection of the proposed financial bailout plan.

In a Tuesday interview with CNN, Senator McCain said another reason the plan failed to gain approval was that the nation remains skeptical about White House intentions.

"We haven't convinced people that this is a rescue effort not just for Wall Street but for Main Street America," he explained on his campaign trail in Des Moines, Iowa.

He then proposed that President Bush exercise his executive privileges and unilaterally spend $1 trillion to purchase home mortgages.

"The Treasury has the ability to buy up a trillion dollars worth of mortgages. We should move forward on that," McCain said.

The 72-year-old senator, who suspended his campaign last week to insert himself into the bailout plan, has tied himself far more tightly to the bill than his Democratic rival, Barack Obama.

With his latest remarks, McCain seeks to maneuver himself out of a political dead end, which he was forced into with the failure of the bailout plan.

One has to wonder what the Senator may have thought of such a move were he merely a member of Congress.......

I really like the contradictions. The nation is skeptical of White House intentions so Screw 'em, let the White House spend the money without oversight.

At some point someone needs to tell him he is grasping at straws.

I DO know what the first question that I would ask tomorrow night would be.

"Governor, do you agree that the Office of the President should start spending a Trillion taxpayers dollars without oversight from Congress while Congress is working on a bailout plan that specifically addresses the complex issues?"

McBear, Kentucky

Being smart is knowing the difference, in a sticky situation between a well delivered anecdote and a well delivered antidote - bear.

The Daily Show on Monday was en fuego on the same theme; McCain's contradictions. In the same breath (literally), he blamed Obama and the Democrats for prolonging and frustrating the bailout effort, then said now is not the time for partisan politics.

So what's new? Isn't that what Bush has been doing for the last eight years? If we, the people, don't start enforcing the Constitution, it is going to slip away into American-style fascism. Bush almost pulled it off, now McCain sounds like he wants to complete the job.

I am also starting to be concerned about the controversy over his medical records - he refuses to release them, and after watching him speak on live TV last night, I think I know why - he's had a recent stroke - his left side, especially his eyelid and mouth, show all the tell-tale signs of a small stroke. That makes the issue of selecting a woman who has exactly two terms as a backwater mayor and two years as the RWNJ-selected governor of one of our least populous states even more of an issue, I personally doubt the man has much more than a couple of years to live. While McCain would be an unpredictable entering senility president, Palin would be a re-run of the Bush disaster on steriods, an utter incompetent puppet for the RWNJ movement.

Recall that earlier generations faced down fascism and communism not just with missiles and tanks, but with sturdy alliances and enduring convictions. They understood that our power alone cannot protect us, nor does it entitle us to do as we please. Instead, they knew that our power grows through its prudent use; our security emanates from the justness of our cause, the force of our example, the tempering qualities of humility and restraint.

So what's new? Isn't that what Bush has been doing for the last eight years? If we, the people, don't start enforcing the Constitution, it is going to slip away into American-style fascism. Bush almost pulled it off, now McCain sounds like he wants to complete the job.

I am also starting to be concerned about the controversy over his medical records - he refuses to release them, and after watching him speak on live TV last night, I think I know why - he's had a recent stroke - his left side, especially his eyelid and mouth, show all the tell-tale signs of a small stroke. That makes the issue of selecting a woman who has exactly two terms as a backwater mayor and two years as the RWNJ-selected governor of one of our least populous states even more of an issue, I personally doubt the man has much more than a couple of years to live. While McCain would be an unpredictable entering senility president, Palin would be a re-run of the Bush disaster on steriods, an utter incompetent puppet for the RWNJ movement.

Of course, you are still looking for Bill Clinton's med records, aren't you?